Yulchon advises IBKS KEISTONE Private Equity Fund on the KRW220 billion sale of a 38.7% stake in Seoul Express Bus Terminal to Central City
2013.04.01.
Yulchon’s PE/Alternative Investment Team advised KOFC IBKS KEISTONE Corporate Recovery Private Equity Fund (“IBKS-KEISTONE PEF”) and SEBT Investment, IBKS-KEISTONE PEF’s investment vehicle, on the sale of 1,486,236 shares (representing 38.7% stake) of Seoul Express Bus Terminal Co. to Central City, an affiliate of the Shinsegae Group, for the sale price of KRW220 billion. By achieving an early recovery of its investment in Seoul Express Bus Terminal in about 8 months after its acquisition of the shares from Kumho Industrial Co., Ltd. for the price of KRW200 billion in August 2012, IBKS-KEISTONE PEF has enhanced its rate of return. Yulchon provided comprehensive legal advice throughout the duration of the transaction, including advice with respect to the negotiation and execution of the transaction documents.
